Ryanair 2016 Annual Report Download - page 174
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174
The maturity profile of the Company’s financial liabilities (excluding derivative financial liabilities, aircraft
provisions, trade payables and accrued expenses) at March 31, 2015 was as follows:
Weighted
average
fixed rate
2016
2017
2018
2019
Thereafter
Total
(%)
€M
€M
€M
€M
€M
€M
Fixed rate
Secured long term-debt
2.70
%
93.9
97.1
96.1
71.7
185.9
544.7
Unsecured long term-debt
1.48
%
7.1
7.1
7.1
7.1
1,705.1
1,733.5
Debt swapped from floating to fixed
3.36
%
159.0
147.1
242.9
158.5
295.4
1,002.9
Secured long-term debt after swaps
2.25
%
260.0
251.3
346.1
237.3
2,186.4
3,281.1
Finance leases
2.82
%
—
46.5
61.2
65.1
101.6
274.4
Total fixed rate debt
260.0
297.8
407.3
302.4
2,288.0
3,555.5
Floating rate
Secured long-term debt
248.8
239.0
338.4
249.4
469.4
1,545.1
Debt swapped from floating to fixed
(159.0)
(147.1)
(242.9)
(158.5)
(295.4)
(1,002.9)
Secured long-term debt after swaps
0.50
%
89.8
91.9
95.5
90.9
174.0
542.1
Finance leases
1.27
%
49.8
66.9
70.7
62.6
83.9
333.9
Total floating rate debt
0.79
%
139.6
158.8
166.2
153.5
257.9
876.1
Total financial liabilities
399.6
456.6
573.5
455.9
2,545.9
4,431.5
All of the above debt maturing after 2019 will mature between fiscal 2019 and fiscal 2025.
The maturity profile of the Company’s financial liabilities (excluding derivative financial liabilities, aircraft
provisions, trade payables and accrued expenses) at March 31, 2014 was as follows:
Weighted
average
fixed rate
2015
2016
2017
2018
Thereafter
Total
(%)
€M
€M
€M
€M
€M
€M
Fixed rate
Secured long term-debt
2.93
%
90.9
93.9
97.1
96.1
257.7
635.7
Debt swapped from floating to fixed
3.79
%
171.9
150.7
138.5
207.3
430.5
1,098.9
Secured long-term debt after swaps
3.30
%
262.8
244.6
235.6
303.4
688.2
1,734.6
Finance leases
2.81
%
41.6
—
45.6
59.8
162.4
309.4
Total fixed rate debt
304.4
244.6
281.2
363.2
850.6
2,044
Floating rate
Secured long-term debt
261.8
240.5
230.6
302.7
695.5
1,731.1
Debt swapped from floating to fixed
(171.9)
(150.7)
(138.5)
(207.3)
(430.5)
(1,098.9)
Secured long-term debt after swaps
0.74
%
89.9
89.8
92.1
95.4
265.0
632.2
Finance leases
1.48
%
73.6
49.7
66.9
70.7
146.5
407.4
Total floating rate debt
1.03
%
163.5
139.5
159.0
166.1
411.5
1,039.6
Total financial liabilities
467.9
384.1
440.2
529.3
1,262.1
3,083.6
All of the above debt maturing after 2017 will mature between fiscal 2018 and fiscal 2025.